Tesla, Inc. TSLA hasn’t expanded its product range for a long time and by next month the The EV maker’s Semi is likely to hit the road.

What happened: The most anticipated and important new vehicle to join Tesla’s stable would be the Cybertruck, according to the Future Fund’s founder Gary Black. The second highest priority for Tesla after the Cybertruck should be a sub-$35,000 car, he added.

A Tesla vehicle targeting the sub-$35,000 segment is a different initiative than Robotaxi, Black said. Also, this segment accounts for about 50% of the market, he added.

Although Robotaxi is also important, the fund manager said it could take another three to five years before the service is rolled out.

See also: Advertising or R&D: How does Tesla compare to the auto giants?

Why it matters: Tesla has hinted Launch of the Cybertruck next year. The company is late for the party, with Ford Motor Co. f and Rivian Automotive, Inc. RIVN after they have already started their versions. Still, user interest in Tesla’s Cybertruck could be strong given the brand’s loyal following.

Although the Model S was Tesla’s first commercial vehicle, the company didn’t really begin to gain traction until its mass-produced, cheaper Model 3 sedans launched five years later. The need for an affordable electric vehicle can’t be more acute than in the current scenario, in which consumers are faced with the double whammy of slowing growth and blistering inflation.

Tesla closed Friday’s session down 3.64% at $207.47 Benzinga Pro data.

Continue reading: How Elon Musk makes money

Photo: Courtesy of Tesla Owners Club Belgium on flickr and tesla.com